Good morning, Can anyone recommend a lender that can cash out refinance a property without W-2 income or tax returns and has no or little seasoning requirements?

  (2 years of tax returns business and 2 from personal, P&L statements down to the month, invoices, and since you have 3 extra units make sure you include the potential income you will have with tenants in the property.)

That works out a 1.4 price to rent ratio which should provide better than 10% cash on cash return.  

Any ideas about how to calculate the return?

That would mean that the LLC only has one member (you and your wife's tax return) and it chooses to be taxed as a sole proprietor. 

I personally put my money to work for me in RE, and I make significantly more of a return then the TSP could ever give me.

His daughter is now upset that I will not return Octobers rent and is saying that electrical is my problem.

I get more use out of big data in other investment categories, which provides a nice baseline for the kind of returns I should expect on real estate, before it's too much effort.Granted, there are a million opportunities out there.

What you need to take into account is your cash on cash return. 3.5% down payment on 300k purchase price Closing costsRehab moneyMonthly mortgage -rental incomeRefinance costsPlus if you refinance in like 3-5 years the market may be down and you wouldn’t be able to refinance and pull out the $50,000 to pay off your second.

@Andreas Thuresson If it’s an investment only then you have to weigh buying in a stable area with lower returns or a more risky or developing area with higher returns.